My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 9, 2015
EURUSD Chart update
- EURUSD Weakness continues at 50 Day SMA.
- 4 Hour chart shows bearish price action.
- One hour chart is trending down below the cloud.
GOLD Technical Analysis
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikt4Om4vmkdph9cznsm7Vul0oQN8_LcMsQq_XeYU6W5JibzUQ8KB30Nw8cyrCbEm-kvFoR7bY_Y3DQz7D8L5Ech03p0zTSPgSYLaX5y3l5ZP8Oi8J3nso3YA-hqNFG0Wn9MZSrQ2FG05WN/s1600/Gold+fibs.png)
- Gold 4 Hour chart at the apex of triangle pattern. Price is testing the rising support line.
- Daily chart continues to show weakness from 200 SMA and 50% Fib level.
- 1180 levels are crucial. Closing below this level will further weaken gold bulls. Bulls need a close above 200 SMA to extend the bounce in daily chart.
Subscribe to:
Posts (Atom)